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Pakistani Rupee continues to appreciate against US Dollar

Aizbah KhanWeb Editor

23rd Apr, 2020. 07:14 pm
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Pakistani Rupee continues to appreciate against US Dollar

The Pakistani Rupee (PKR) continued appreciate and rose by Rs0.66 in the inter-bank market against the US dollar (USD).

According to Forex Association of Pakistan, US dollar closed at Rs 159.98 against the last closing of Rs 160.36 in open market and rupee is currently trading at Rs159.70.

Currency dealers of the interbank market stated that the demand of US dollars decreases these days.

The rupee rose by Rs1.62 against the dollar in the interbank market

Earlier on April 17, the Pakistani rupee appreciated by Rs3.57  against the US dollar in the interbank market.

The State Bank of Pakistan (SBP) reported that that the price of European currency has also seen the depreciation by Rs 1.55 to close at Rs 172.68 against the last day’s trading of Rs 174.23.

The Japanese yen depreciated by 01 paisa and closed at Rs 1.48 whereas a decrease of 27 paisas was witnessed in the exchange rate of British Pound which was traded at Rs 197.66 as compared to its last closing of Rs 197.93.

The exchange rates of Saudi Riyal and Arab Emirates Dirham depreciated by 04 paisas and 10 paisas each to close at Rs42.52 and Rs 43.55 respectively.

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